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Listed by Mordy Abelesz EXP Realty, LLC
$1,435,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26009747
Style Office
Property Sub-Type Office
Property Description
Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 9% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!
Location
State NJ
County Passaic
Interior
Heating Central Air, Gas
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NEARBY SCHOOL & BUSINESS
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Michael Vera Silva
Broker Owner | License ID: 1866470
Broker Owner License ID: 1866470